Why Bitcoin Barely Moved Even as US Inflation Cools to 3.4%
The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit.
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August 12, 2026, 3:51 pmThe tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit.
Bitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
U.S. inflation cooled for a second straight month in July, another sign that spring’s energy-driven price shock is fading even as inflation remains stubbornly above the Federal Reserve’s 2% target. The U.S. Consumer Price Index (CPI) rose 0.1% in July on a seasonally adjusted basis, the Bureau of Labor Statistics reported Aug. 12.
Bitcoin fell under $64,000 after July CPI matched forecasts at 3.4%, with analysts saying the in-line print keeps the Fed patient.
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Both headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined.
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The latest U.S. inflation data landed exactly where economists expected, removing the immediate risk of an upside surprise and leaving cryptocurrency investors focused on what the Federal Reserve does next.
Bitcoin trades near $63,600, below the lowest Bitcoin price researchers tested against a modeled wind-powered mining operation in a new Energy Economics study. At that price level, their model shows no payback within six years under any curtailment scenario they ran.